Wednesday, September 11, 2013

Around The Horn -- Very Early Morning Trading; Some Updates Throughout The Day

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here. 

KOG trades at new high ($11.00) but has now dropped back a few pennies. [Later: KOG hits new high -- $11.24 -- posted at 1:41 ET.]

Oasis down slightly; first with new highs. Oasis raised senior unsecured notes offering from $600 million to a cool $1 billion, due 2022, 6.875%. [Later: OAS now green; up almost 1% -- posted at 1:42 ET.]


CVX, COP, XOM: all up slightly; COP hits a new high, two days in a row. [Later: COP up almost 1%; new high at $69.35 -- posted at 1:41 ET.]

EOG up slightly. If we have a strong market today, it could hit a new high. [Later: in fact that happened -- EOG up almost 2%; up $2.79, trading at record highs, 166.30 -- posted at 1:40 ET.]

CHK. Wow. Up again, almost another 1.5%.

SD: flat.

AMZG flat.

TPLM down 2% -- profit taking; traded at new high earlier ($9.10). At Zacks, TPLM in focus, stock soars 17 percent:
TPLM was a big mover last session, as the company saw its shares surge more than 17% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. The uptrend is continuing for the company, as the stock is now up nearly 32% in the past one-month time period.

The company has seen 3 positive estimate revisions in the past few weeks and its earnings consensus has moved higher over the past 30 days, suggesting that more solid trading could be in store for Triangle Petroleum. So make sure to keep an eye on this stock going forward to see if this recent surge can turn into more strength down the road.
UNP up slightly.

I don't follow BNSF (BRK) much any more; BRK follows the market in general.

ENB, EEP both down slightly; in a trading range. Remember, ENB announced a public offering of about 8 million new shares. [September 13, 2013: offering closed; sold 8 million; raised $223 million]. 

SRE continues to struggle. But paying 3%.

TransCanada down half a percent.
TransCanada Corporation  is moving forward with its plan to build a $12 billion west-to-east crude-oil pipeline across Canada, buoyed by firm commitments from shippers for nearly all of the pipeline's 1.1 million-barrel-per-day (BBL/d) capacity. The market response to the Energy East Pipeline was so strong that TransCanada has decided to partner with Imperial Oil Limited (Saint John, New Brunswick) on a $300 million deep-water port expansion in Saint John, New Brunswick.

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